The origin of securities exchanges stems from Edo Period, when the exchange for rice & crop was established in Osaka, center of Japanese economy.

Each prefecture set up its own warehouses in Osaka for shipping & preservation of their rice (to be taxed by the government), and sold them to merchants. One of the most famous merchants was "Yodoya", which was based upon the southern part of Yodoyabashi area. Some other merchants gradually gathered to create one market.

This market was called "Yodoya-Komeichi", which was the first securities trading in the nation.

Later on, the market was moved to Dojima in 1697 and officially approved as "Dojima Rice Exchange" by Japan's shogunate government in 1730. At that time, rice futures trading, the trades recorded and settled in books of accounts, was mainly conducted, and it is known to be the world’s first institutional futures exchange.